Kim Basinger Divorcing Alec Baldwin

They met on the set of The Marrying Man, but now Hollywood staples Kim Basinger and Alec Baldwin are the divorcing duo.

After seven years of marriage and one child, the 47-year-old Oscar winner has filed for divorce from her 42-year-old actor husband. The two are now living on different coasts.

The Oscar-winning actress' spokeswoman, Annette Wolf, said Friday that irreconcilable differences were the reason for the split.

Tabloids have hinted that the two were on the verge of a breakup for months and lately ran photos of the couple allegedly arguing in public, with burly Baldwin reportedly yelling at his soft-spoken wife.

The two have been separated since Dec. 5, according to documents filed in Los Angeles Superior Court. Basinger and 5-year-old daughter Ireland are living in Los Angeles, while Baldwin is staying at the couple's New York residence, Wolf said.

This is the second divorce for Basinger, who married makeup artist Ron Britton in 1980. They divorced in 1989.

Basinger, a model-turned-actress, finally nailed a decent role, along with a Best Supporting Actress Oscar, for her role in the 1997 noir L.A. Confidential. Her two screen efforts since then, Bless the Child and I Dreamed of Africa, were both box-office and critical flops.

Baldwin's films include the David Mamet-penned Glengarry Glen Ross, The Edge, and State and Main, which is currently in theaters. He'll next be seen in the war epic Pearl Harbor this summer. Besides The Marrying Man, the couple shared the screen in the 1994 film The Getaway, as a bank robber and his wife.

Baldwin made headlines and court appearances in 1995, when he allegedly punched a celebrity photographer who he thought was stalking the couple and their newborn daughter. The actor was ordered to pay $4,500 to the man who said he'd been socked in the eye.